EDD Report Contradicts Claims of Business Flight

According to research conducted by the California Employment Development Department (EDD), California's economy has closely followed the path of the U.S. economy in several respects, undermining politician's arguments that business is leaving the state and that workers' compensation is seriously jeopardizing the health of the economy.According to the EDD study, the unemployment rate is only 0.5 percent different from the U.S. rate and has remained relatively level for the past year. "The fiscal trends evident in California reflect a close correlation between the downturn in the national econ...